Turnkey Retail Space on
For Sale
Contact for pricing
25600 Harper Ave, St Clair Shores, MI 48081
Immaculate, move-in-ready retail space in St. Clair Shores.
Property Size4,026 SF
Price / SF$136.61
Days on Market148
Property Features for 25600 Harper Ave
General Information
Standard status
Active
Size
4,026 SF
Class
B
Property subtype
Retail
Zoning
B-3
Building Details
Year Built
1964
Listing Agency:
Pilot Property Group
(586) 254-0900
Listed By:
James Diehl · License #MI 6501368863
Source:
Crexi
Added: Mar 17
Changed: Aug 8
Last Checked: Aug 8 at 6:22AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pilot Property Group
Investment Insights
Based on property information with market context.
Located along the highly visible Harper Avenue corridor in St. Clair Shores, this turnkey former bakery is in immaculate condition. The well-maintained property offers excellent street frontage and is suitable for a bakery, café, restaurant, or specialty retail user seeking a move-in-ready space in a strong neighborhood commercial district. Building improvements from 2023 include a new roof/mansard, electrical panels, hot water tank, a 5-ton HVAC unit, a mini split in the kitchen, and double doors for large deliveries. The property is located on the soft corner of Harper Ave and Statler and includes a large billboard sign. The property size is 4,026 square feet. Bakery equipment is available for purchase separately.
Key Highlights
- Turnkey former bakery in immaculate condition, ready for immediate occupancy
- Prime location on highly visible Harper Avenue corridor
- Significant building improvements completed in 2023: new roof, electrical panels, hot water tank, and HVAC
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,760
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.41%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$595,200
$595.2K
Cap Rate 7%
$425,143
$425.1K
Cap Rate 9%
$330,667
$330.7K
Market Conditions
NOI Build-Up for 4,026 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$48.3K $12.00/SF
− Vacancy
−$5.8K −$1.44/SF
EGI
$42.5K $10.56/SF
− OpEx
−$12.8K −$3.17/SF
NOI
$29.8K $7.39/SF
Area
Macomb County, MI
Vacancy
12.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$595,200
Cap Rate 7%
$425,143
Cap Rate 9%
$330,667
Alternative Uses
Best Use
Specialty Retail
$753.7K
$659.5K – $879.4K
NOI $52,761 @ 7.0% cap · market cap 9.59%
Second Best
Retail
$425.1K
$372.0K – $496.0K
NOI $29,760 @ 7.0% cap · market cap 5.41%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
866
Businesses Nearby
17k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 91%
Beauty & Spa 9%
Shell
Shops & Services
8,088 visits/mo
0.4 miles
Huntington Bank
Shops & Services
7,186 visits/mo
0.5 miles
Cosmoprof
Beauty & Spa
1,502 visits/mo
0.5 miles
Demographics for 48081, MI
20,496
Population
9,669
Households
2.1
Avg Household Size
45
Median Age
27%
College-Educated
95%
High-School Grad
3.9 sq mi
ZIP Area
5,255
Density / Sq Mi
$75,735
Median Household Income
$51,140
Median Earnings
$1,272
Median Rent
$202,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Mancuso's — 24440 Harper Ave, St Clair Shores, MI 48080
Frequently Asked Questions
What type of property is this?
Storefront property - Immaculate, move-in-ready retail space in St. Clair Shores.
Where is this storefront property located?
The property is located at 25600 Harper Ave St Clair Shores, MI.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Turnkey former bakery in immaculate condition, ready for immediate occupancy; Prime location on highly visible Harper Avenue corridor; Significant building improvements completed in 2023: new roof, electrical panels, hot water tank, and HVAC
